The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-07-31
The BUSINESS SITUATION.
IMPROVEMENT TO BE OBSERVED
FROM DAY TO DAY.
Staple Products In Better Demand
Manufacturing Interests Pros
peting--ihe Railways.



PHILADELPHIA, PA, July 3d.
The general commercial and business
outlook this week presents several in
teresting features. The wheat crop
this year will rive forty-two bushels
as against forty six bushels las year.
The railway earnings OF 107 railroads
show an increase for the first half of
this year Of fifteen per cent. over
the first half Of last year. All the
leading staple products are in better
demand. The production of iron for
the hall year is just a little more
than the first half of last year. The
Coonellsville strike will make diff
ference of 800, 600 tons in the annual
production. Thirty blast furnaces
will be adding to their production
within three months.
The commercial condition is begin
ming to improve every day. Tele-
grams from Boston show general i'm
provement 10 cottoDs and woolens,
boots and shoes and leather and
lumber. In Philadelphia the expan.
sion Of trade is seen in iron and
steel, dry goods, coal and general
merchandise. In Pittsburg all lead
ing lines are busy. In Cincinnati
stock merchandise are generally
light and full prices are maintained.
Ia Chicago all kinds of produces are
active, but other goods are quieter.
In St. Louis the midsummer move
ment Of goods is heavy and prices are
strong. Business is rather quiet at
Louisville. In Kansas City there is
great activity in building and in gem
eral merchandise. In Omaha re-
ceipts of merchandise from Eastern
points are heavy. The hot weather
has had restraining influence upon
trade generally.
Manufacturing interests are pros
periug in all branches. The largest
possible production in the iron and
steel establishments aud in all the
shops and mills and fouudries will
be abundant. Manufacturers are
looking for higher ran o Of prices
this fall and winter, but the proba.
bilities are the other way, on accoun,
OF the great increase in mauufactur.
ing capacity in every industry. The
iron makers, for instance, are adding
tn their capacity faster than ever. II
accounts are correct there will bt
between 700 aud 800 saw mills aut
planning mills erected within the
next twelve months. According /,
lumber authorities, there will be Al
least that many lumber yards esiab
lished in the United States. 0ul
advices from New Eogland anC
| Southern States are 10 the effect thu
the spinning and weaving capacity
will be very materially increased. aoC
manufacturers and jobbers' ORDER
are already flowing in. Textile ca
pacity Of all kinds is growing. With
in a year twenty silk mills hsv,
either been started or projected IL
Pennsylvania. Silk importations ar,
falling of, and American silks ar,
gaining ground all over the country
Railroad projectors are now en-
deavoriue 10 borrow money in New
York and London TO prosecute i'm
portaut railroad enterprises mex
year. Several important railroa,
consultations are under way. Rate
between 81. Louis and Texas are de
moralized The transatlantic road
are being damaged bv the long an,
short haul clause. Railroad compe
tition is active everywhere, but within
safe limits. The low price Of grail
and the largc export movement in j
is helping the trunk lines between
Chicago and the Atlantic cnast. Al
immense demand will be shortly de
velopcd for all kinds Of railway ma
terial. Southwestern railroad build
ers have been taking bids by cabl
from British railmakers, but Ameri
can makers have so lar successful.
uuderbid tho foreign makers.